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Gasoline prices climbed 21.2 percent in March, marking record increase since 1967 The Commerce Department reported a step down from the prior 0.7 percent growth figure for the quarter Country implemented fuel rationing and 35 percent price hike to preserve foreign reserves Fed officials forecast slower progress toward 2 percent inflation goal amid energy volatility Unemployment falls to 4.3 percent as 396K drop out of labor force Wheat up 4.3 percent from U.S. crop fears and Australian planting cuts Esxports surge was driven by monetary gold and natural gas Neutral interest rate range stands between -0.9 percent and +0.5 percent Lagarde stated that a moderate overshoot of the inflation target could justify measured tightening Manufacturing production increased modestly, and at a pace that was only slightly slower than that seen in February The S&P Global U.S. Manufacturing PMI rose from 51.6 in February to 52.4 in March Core inflation eased from 2 percent in January to 1.6 percent in February, falling below the BOJ’s 2 percent target for the first time since March 2022 The central bank lifted its benchmark rate to 4.1 percent, marking its second hike this year following a similar move in February In February, manufacturing output rose 0.2 percent, while the index for mining grew 0.8 percent Trade gap fell from a revised $72.9 billion in December Cooling labor market could bring earlier Fed cuts, Goldman warns CPI rose 2.4 percent annually while investors assessed the Fed outlook The FAO Food Price Index averaged 125.3 points in February, up 0.9 percent from its revised January level, while still 1.0 percent below its level a year earlier The platform was developed in partnership with the Central African technology firm EDEN TiiiT Deal called consequential for Europe’s trade diversification despite opposition and legal challenges Initial filings for state unemployment benefits increased by 4,000 to a seasonally adjusted 212,000 for the week ended February 21 France recorded 0.4 percent annual inflation; Romania registered the highest rate at 8.5 percent The central bank has indicated it is prepared to continue tightening policy if price gains persist alongside solid wage growth The revised 19 percent tariff rate aligns Indonesia with other Southeast Asian economies that have reached similar deals with Washington
